BITA Plus Consultants has released its BITA Curve modular-risk-management product for fund managers. The BITA Curve is a Java-based software system that utilizes an open architecture for easy implementation. The product enables users to analyze and report on portfolios' risk and return profiles, both absolute and relative to any benchmark they choose. BITA Curve also includes the BITA Plus Optimizer, which lets fund managers produce optimized portfolios based on constraints such as liquidity and cost of trading and offers a back-testing module.
JPMorgan Investor Services has launched a third-party compliance-reporting suite within its compliance-reporting-services platform. The suite includes customizable rules and reports and reduces manual-compliance checks. The new capability allows third-party data to be fed directly into the JPMorgan system for analysis before it is sent back to the client. Clients can then receive customized reports based on JPMorgan's rule-building engine and can be run daily with intra-day processing or on a weekly or monthly basis. Reports can be viewed through JPMorgan's client-only Web site.
Financial Engineering Associates has signed on to be the Professional Risk Managers' International Association's first corporate sponsor. FEA will help PRMIA to provide a non-profit forum for the exchange of risk-management ideas. FEA's director of global support and educational services, Dr. Carlos Blanco, will speak to PRMIA members and guests on risk modeling and management in the energy markets at a free event taking place on March 7 in Chicago.